Mutual of America Capital Management LLC Lowers Stock Position in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Mutual of America Capital Management LLC trimmed its position in Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 9.5% in the third quarter, HoldingsChannel reports. The firm owned 18,367 shares of the savings and loans company’s stock after selling 1,923 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Capitol Federal Financial were worth $107,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFS Advisors LLC increased its holdings in shares of Capitol Federal Financial by 1,865.5% in the third quarter. IFS Advisors LLC now owns 4,442 shares of the savings and loans company’s stock worth $26,000 after purchasing an additional 4,216 shares during the period. GAMMA Investing LLC boosted its stake in Capitol Federal Financial by 153.7% during the second quarter. GAMMA Investing LLC now owns 9,653 shares of the savings and loans company’s stock valued at $53,000 after buying an additional 5,848 shares during the period. KBC Group NV grew its position in Capitol Federal Financial by 59.8% during the third quarter. KBC Group NV now owns 9,256 shares of the savings and loans company’s stock worth $54,000 after buying an additional 3,463 shares in the last quarter. Wealthstream Advisors Inc. purchased a new stake in shares of Capitol Federal Financial in the 2nd quarter valued at about $55,000. Finally, CWM LLC raised its holdings in shares of Capitol Federal Financial by 533.2% in the 2nd quarter. CWM LLC now owns 11,783 shares of the savings and loans company’s stock valued at $65,000 after acquiring an additional 9,922 shares in the last quarter. Hedge funds and other institutional investors own 88.51% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their price target on shares of Capitol Federal Financial from $6.50 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th.

Capitol Federal Financial Stock Down 1.5 %

Shares of CFFN opened at $6.68 on Friday. The business’s 50 day moving average is $6.32 and its 200 day moving average is $5.87. The company has a current ratio of 1.31, a quick ratio of 1.34 and a debt-to-equity ratio of 2.11. Capitol Federal Financial, Inc. has a 12-month low of $4.76 and a 12-month high of $7.20. The company has a market capitalization of $886.68 million, a PE ratio of 23.03 and a beta of 0.47.

Capitol Federal Financial (NASDAQ:CFFN) last posted its earnings results on Wednesday, October 23rd. The savings and loans company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Capitol Federal Financial had a net margin of 9.95% and a return on equity of 4.69%. The firm had revenue of $101.65 million during the quarter, compared to analyst estimates of $45.40 million. During the same period last year, the firm posted $0.04 earnings per share. Research analysts expect that Capitol Federal Financial, Inc. will post 0.45 earnings per share for the current fiscal year.

Capitol Federal Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.085 per share. The ex-dividend date was Friday, November 1st. This represents a $0.34 annualized dividend and a yield of 5.09%. Capitol Federal Financial’s payout ratio is presently 117.24%.

Capitol Federal Financial Profile

Capitol Federal Financial, Inc operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.